Economic liberalization in India beginning in 1991, combined with the spread of internet connectivity, enabled Indian firms to provide software development, business process outsourcing, and information technology services to clients around the world. Cities such as Bangalore and Hyderabad became major centers for this cross-border trade in knowledge-based services. The sector grew into a significant source of export earnings and employment, illustrating how globalization extended beyond physical goods into digital services.
Relevance to Trade History
India's services export boom showed how internet connectivity allowed labor-intensive knowledge work, not just manufactured goods, to be traded across borders at global scale.
Read the full story in our article The Internet and the Transformation of Commerce.
Source: National Association of Software and Service Companies (NASSCOM). See our Sources & Methodology page for how we select and verify references.